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Analysis: In late October, the withdrawal volume of Bitcoin from Binance surged 4 times, indicating that Whale fund transfers suggest a rise in long-term confidence.
Golden Finance reported that CryptoOnchain published a chart on platform X stating that in late October, the withdrawal volume of Bitcoin on Binance surged 4 times, skyrocketing from 850 to 3500 in just two days. Whales are moving coins from the exchange - a typical signal of accumulation and long-term confidence growth. If this trend continues, the decrease in liquidity may pave the way for the next round of BTC price rise.